TaxTMI 
TaxTMI 
VAT INPUT TAX CREDIT
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....AT INPUT TAX CREDIT<br> Query (Issue) Started By: - MITSUI PRIME Dated:- 30-4-2014 Last Reply Date:- 5-5-2014 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir, Good afternoon Please advice t....
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....o us related to VAT . we are using elevators/escalators ( used in warehouse ) in such cases we are receiving services from Kone Elevator India Pvt Ltd. Japiur. he is charing VAT in their Inv. in said....
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.... caes we can avail VAT Credit. :Nature of Service:- Works Contract Service - under Service VAT at the rate of 14 percent on 40 percent of base value. Pl.advice to us we can take credit of VAT (ITC)....
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.... Thanks for your co-operation in Advance. Arjun Sachdeva Mitsui Prime, Neemrana Reply By rishi mohan: The Reply: In the above case vat credit shall be allowed and available. Credit shall be avai....
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....led in capitalized nature instead of normal vat credit. The credit shall be utilised till 36 months (3 years).<br> Discussion Forum - Knowledge Sharing ....